OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-06-30-accounts

Petplan Charitable Trust

Annual Report and Accounts

30 June 2023

Charity Registration Number 1199327

Contents

Reports

Reports
Reference and administrative information 1
Trustees’ report 2
Independent auditor’s report 10
Accounts
Statement of financial activities 15
Balance sheet 16
Statement of cash flows 17
Principal accounting policies 18
Notes to the accounts 22
Appendix 32

Petplan Charitable Trust

Reference and administrative information

Trustees David Simpson Hon. Assoc. RCVS (Chair)
Clarissa Baldwin CBE
John Bower MBE BVSc MRCVS
Edward Chandler BVetMed FRCVS
Jamie Crittall BVSc MRCVS
Alan Farkas
Isabella von Mesterhazy
Daniella Dos Santos
The Lord Trees FRCVS FMedSciHonFRSE
Giles Webber
Kathryn Willis MPhil FIA ARCS
Trust administrator Catherine Bourg BA MSc
Registered office 1st Floor
10 Queen Street
London
EC4R 1BE
Charity registration number 1199327
Auditor Buzzacott LLP
130 Wood Street
London
EC2V 6DL
Bankers Yorkshire Bank
7 Gold Street
Northampton
NN1 1EN
Investment managers Cazenove Capital
12 Moorgate
London
EC2R 6DA
Solicitors Bates Wells & Braithwaite LLP
10 Queen Street Place
London
EC4R 1BE

Petplan Charitable Trust 1

Trustees’ report Year to 30 June 2023

The Trustees present their report together with the accounts of the Petplan Charitable Trust for the year to 30 June 2023.

The accounts have been prepared in accordance with the accounting policies set out on pages 18 to 21 of the attached accounts and comply with the charity’s trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102).

Constitution

In 2022, the trustees of The Petplan Charitable Trust (the “former Charitable Trust”) (Charity Registration No. 1032907) applied to the Charity Commission for approval to convert the Charitable Trust’s legal structure to become a Charitable Incorporated Organisation (“CIO”). Permission was granted and the CIO of the same name, Petplan Charitable Trust, was entered on the Register of Charities on 15 June 2022 with Registered Charity Number 1199327. With effect from midnight on 31 December 2022, the activities, assets and liabilities of the former Charitable Trust were transferred as a going concern into the newly formed CIO.

The transfer of activity from the former Charitable Trust to the CIO is a reconstruction that has been treated as a merger for accounting purposes. As such, the results of the former Charitable Trust for the 18 month period ended 30 June 2022, and the balances existing on this date, form the comparative information included within these accounts.

Structure, governance and management

The Trust is governed by a Board of Trustees which meets twice a year. The Trust Deed states that, at any time, there should be no less than three Trustees. The Board considers recommendations made by the Welfare Committee, which meets once a year to consider welfare/educational grant applications, and the Scientific Committee, which meets once a year to consider scientific grant applications. Members of the Board of Trustees sit on both the Welfare and Scientific Committees.

The Trustees and Committee members are chosen for their knowledge and expertise in the specialist veterinary/animal health field. Trustees serve for a term of up to two years, on a rotation basis, after which they may be re-elected for further terms. All Trustees are aware of their duties and responsibilities as charity trustees and sign a contract between themselves and the charity when they agree to serve.

Petplan Charitable Trust 2

Trustees’ report Year to 30 June 2023

Structure, governance and management (continued)

The Committee members who served during the period were as follows:

Welfare Committee

Clarissa Baldwin CBE (Welfare Secretary)

Claire Bessant (Chief Executive, International Cat Care)

Edward Chandler BVetMed FRCVS

Sam Gaines (RSPCA) (resigned 28 November 2022)

Vicky Halls RVN Dip Couns

Roly Owers (Chief Executive, World Horse Welfare)

Carolyn Mentieth (Animal behaviourist and journalist)

Scientific Committee

Professor Kin-Chow Chang BVSc MSc PhD FRCVS – University of Nottingham

Michael Herrtage MA BVSc DVR DVD DSAM, DipECVIM, DipECVDI, MRCVS – University of Cambridge

Professor Emeritus David B. Morton CBE, BVSc, PhD, MRCVS, FSB, Cert Biol, DECLAM (ret)

Dr Tim Parkin BSc, BVSc, PhD, DipECVPH, FHEA, FRCVS – University of Bristol

Clare Rusbridge BVMS (hons), PhD, DECVN, FRCVS – Professor in Veterinary Neurology (University of Surrey)

Dr Keith Thoday BVetMed PhD DVD DipECVD MRCVS – Chair of Veterinary Dermatology, University of Edinburgh

Dr Andrew Waller – Chief Scientific Officer, Intervacc

Professor Linda Wooldridge, BVSc (Bristol), MSc(Liv.), DPhil(Oxon.) University of Bristol Dr Angelika Frances Rupp – University of Glasgow - appointed 14 January 24

Dr Floryne Buishand DVM, PhD, DECVS, FHEA, MRCVS RVC - appointed 26 November 23 Dr Kiterie Faller DVM DPhil DipECVN MRCVS University of Edinburgh - appointed 15 Janury 24

Dr Mandy Peffers BSc MPhil PhD BVetMed FRCVS University of Liverpool

Sdr Lucy Davison MA VetMB PhD DSAM DipECVIM-CA MRCVS Royal Veterinary College - appointed 27 November 2023

Petplan Charitable Trust 3

Trustees’ report Year to 30 June 2023

Structure, governance and management (continued)

The following Trustees were in office during the year to 30 June 2023 and up to the date on which this report was approved, except as indicated:

Board of Trustees Appointed/resigned
David Simpson (Chair)
Clarissa Baldwin
John Bower
Edward Chandler
Jamie Crittall (Vice-Chair)
Alan Farkas Resigned November 2023
Isabella von Mesterhazy
Daniella Dos Santos
The Lord Trees Resigned 28 February 2024
Giles Webber Appointed November 2022
Kathryn Willis

The connections of the Trustees to Petplan Limited and its group companies are as stated below:

Isabella von Mesterhazy Director of Sales and Marketing

Statement of Trustees’ responsibilities

The Trustees are responsible for preparing the Trustees’ report and accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the income and application of resources of the charity for that period. In preparing these accounts, the Trustees are required to:

Petplan Charitable Trust 4

Trustees’ report Year to 30 June 2023

Statement of Trustees’ responsibilities (continued)

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Trust and enable them to ensure that the accounts comply with the Charities Act 2011, the applicable Charity (Accounts and Reports) Regulations and the provisions of the charity’s trust deed. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of accounts may differ from legislation in other jurisdictions.

Key management personnel

The Trustees consider that they, along with the trust administrator, comprise the key management of the charity in charge of directing and controlling, running and operating the charity on a day to day basis.

None of the Trustees receive any remuneration in connection with their duties as Trustees.

The salary of the trust administrator is reviewed and agreed annually by the Trustees.

Risk management

The Trustees have assessed all the major risks to which the Trust is exposed, in particular those relating to the specific operational areas of the Trust, its investments and its finances. The Trustees believe that by monitoring reserve levels, by ensuring controls exist over key financial systems, and by examining the operational and business risks faced by the Trust, they have established effective systems to mitigate those risks.

The Trustees have identified two key risks faced by the charity:

The Trustees review and update the internal risk register annually.

Petplan Charitable Trust 5

Trustees’ report Year to 30 June 2023

Objectives, activities and performance

In setting the Trust’s objectives and planning its activities, the Trustees have given careful consideration to the Charity Commission’s general guidance on public benefit.

The Trust has the following aims and objectives:

The principal activity of the Trust is to make grants from donations received to fund clinical veterinary investigation, education and welfare projects. Three rounds of grants are awarded each year, welfare, scientific and special. Capital grants for major projects may also be awarded to Veterinary Schools when funds allow, although there has been a moratorium in place on these since 2007.

Welfare and educational grant applications are scrutinised by the Welfare Committee before a shortlist is put forward for consideration by the Trustees. All applicants must be registered charities and must provide comprehensive information including photographs and their most recent accounts.

Several charities are visited each year and all successful applicants are required to provide a written report within twelve months detailing how the funds have been utilised.

Scientific grant applications are invited annually via an announcement in the Veterinary Record magazine and are split into two as follows:

Petplan Charitable Trust 6

Trustees’ report Year to 30 June 2023

Objectives, activities and performance (continued)

Special grants – from time to time the Trust itself identifies charities or projects it wishes to support and is itself approached outside of the normal Welfare and Scientific grant cycle with proposals. At the discretion of the Chair these may be passed through to a Special Grants Committee made up of the three Trustees, who include the Scientific Secretary and the Chair of Welfare Committee, and who in turn make their recommendations to Trustees.

Grants approved during the year less those returned or cancelled were:

Year to 30
June 2023
£
18-month
period ended
30
June 2022
£
646,964
28,122
455,575
—
1,130,661
Scientific grants
Special grants
Welfare and educational grants
Awards Dinner		 219,631
—
420,575
1,250
641,456

At the inception of the Trust in 1994, Petplan policy holders were invited to make an annual voluntary £1 donation to the Trust. The suggested amount increased in subsequent years and now stands at £2.50. The Trustees would like to express their thanks to Petplan Limited for actively supporting the work of the Trust.

The Trust has its own website www.petplancharitabletrust.org.uk. Full information on the Trust, how it is administered, copies of accounts together with information and articles about some of the organisations helped by the Trust are included. The Trust also produces its own newsletter, which is available through the website.

Within the scientific community the Trust appears to grow in stature year on year and with a much reduced institutional and governmental grants for veterinary clinical studies the Trust is now seen as one of the more significant donors in the United Kingdom.

Petplan Charitable Trust 7

Trustees’ report Year to 30 June 2023

Financial review

Financial results

Donations and legacies for the year to 30 June 2023 amounted to £900,565 (18 months to 30 June 2022: £1,350,514). Investment activity resulted in investment income of £27,791 for the year to 30 June 2023 (18 months to 30 June 2022: £54,013) and interest receivable of £2,656 (18 months to 30 June 2022: £70).

New grants pledged net of cancelled grants from previous years totalled £641,456 for the year to 30 June 2023 (18 months to 30 June 2022: £1,212,269). In addition, other charitable expenditure of £145,272 was incurred in the year to 30 June 2023 (18 months to 30 June 2022: £222,450).

After investment gains of £40,872 (18 months to 30 June 2022: investment gains of £61,815), the net increase in funds over the year to 30 June 2023 was £178,900 (18 months to 30 June 2022: net increase in funds of £20,951).

Reserves policy and financial position

Overall the Trust’s strategy remains that of establishing a firm capital base so that it is able to make an enduring contribution through its grants. Withdrawals from the investments will be made, however, to support essential grant making activity and longer term cashflow requirements as needed. Total reserves as at 30 June 2023 were £104,591 of which £104,490 relates to unrestricted free reserves.

The deficit arises in part due to the need to account for multi-year grants in the year in which the commitment is made. The cash outflow will follow in future years. The Trustees are aware also that the charity will receive donations from Petplan Limited during 2023/4 which will be used to replenish the general funds and meet the commitments made in 2022. Whilst acknowledging that there may be challenges in the short to medium term which remain a legacy of additional support provided during the Covid-19 pandemic, the cash flow projections for the Trust are such that the Trustees are content that the charity is a going concern.

Investment policy

The Trust continues to hold funds for the future and at 30 June 2023 had £1,337,669 (30 June 2022: £1,413,365) invested in a portfolio under discretionary fund management.

The Trust’s investments are managed on a non-discretionary basis by Cazenove Capital (part of the Schroder Group and a trading name of Schroder & Co Limited) with an emphasis on capital growth rather than income.

Representatives of the Trustees communicate with the investment managers on a regular basis to ensure that funds are being managed in the most appropriate way and the investments are fully reviewed and discussed at all meetings of the Trustees.

Fundraising

The majority of the Trust’s donated income consists of the donations made by Petplan Limited’s policy holders, who are invited by the company to donate £2.50 per annum to the Trust, and Petplan Limited itself. Collection of policy holder donations is undertaken by Petplan Limited.

Petplan Charitable Trust 8

Trustees’ report Year to 30 June 2023

Additional donations are from time to time received as a result of newsletter mailings and from policyholders who donate any outstanding monies still held by Petplan Limited to the Trust when they cancel their policy for any reason (e.g. death of pet).

The Trust historically has not actively fundraised but has made a decision to increase its fundraising activities. It does not propose to employ a professional fundraiser or commercial participator but is engaging professional help to raise its public image and social media presence.

No complaints were received by the Trust in respect to its fundraising during the year.

The Trust has a basic entry in Charity Choice which is renewed annually. The Trust subscribes to both JustGiving and the GivingMachine and is also registered for Gift Aid.

Future plans

There are no plans for any material change in the strategy of the Trust.

With the change of the Trust status to an Incorporated Charity there has been need to have a new agreement with Petplan Ltd. Trustees and the company are finalising a new Collaboration Agreement and this will be shortly finalised.

The Trust will during 2024 also commence discussions with Petplan Ltd for a further increase in the suggested donation level which is due for review in 2025.

2024 will be the 30th Anniversary of the Trust and it is proposed to produce an Impact Report to identify how the Trust has through its grants had a positive impact in the sectors in which it operates.

It is hoped that this will also help the Trust build a larger database of donors and supporters.

Approved on behalf of the Trustees

David Simpson Trustee

Date: 15 August 2024

Petplan Charitable Trust 9

Independent auditor’s report Year to 30 June 2023

Independent auditor’s report to the Trustees of Petplan Charitable Trust

Opinion

We have audited the accounts of Petplan Charitable Trust (the ‘charity’) for the year to 30 June 2023, which comprise the statement of financial activities, the balance sheet, the statement of cash flows, the principal accounting policies, and the notes to the accounts. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the accounts:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor’s responsibilities for the audit of the accounts section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the accounts, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the accounts is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the accounts are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Petplan Charitable Trust 10

Independent auditor’s report Year to 30 June 2023

Other information

The Trustees are responsible for the other information. The other information comprises the information included in the Annual Report and Accounts, other than the accounts and our auditor’s report thereon. Our opinion on the accounts does not cover the other information and we do not express any form of assurance conclusion thereon.

In connection with our audit of the accounts, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the accounts or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the accounts or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 requires us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the statement of Trustees’ responsibilities contained within the Trustees’ report, the Trustees are responsible for the preparation of the accounts and for being satisfied that they give a true and fair view, and for such internal control as the Trustees determine is necessary to enable the preparation of accounts that are free from material misstatement, whether due to fraud or error.

In preparing the accounts, the Trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Petplan Charitable Trust 11

Independent auditor’s report Year to 30 June 2023

Auditor’s responsibilities for the audit of the accounts

Our objectives are to obtain reasonable assurance about whether the accounts as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these accounts.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below.

How the audit was considered capable of detecting irregularities including fraud

Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:

We assessed the susceptibility of the charity’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

Petplan Charitable Trust 12

Independent auditor’s report Year to 30 June 2023

Auditor’s responsibilities for the audit of the financial statements (continued) To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of key management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities for the audit of the accounts is located on the Financial Reporting Council’s website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Petplan Charitable Trust 13

Independent auditor’s report Year to 30 June 2023

Use of our report

This report is made solely to the charity’s Trustees, as a body, in accordance with section 144 of the Charities Act 2011 and with regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity’s Trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s Trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Buzzacott LLP Statutory Auditor 130 Wood Street London EC2V 6DL

Date: 16 August 2024

Buzzacott LLP is eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006.

Petplan Charitable Trust 14

Statement of financial activities Year to 30 June 2023

Notes Unrestricted
funds
£


Restricted
funds
£		 Year to 30
June 2023
Total
funds
£		 Unrestricted
funds
£		 Restricted
funds
£		 18-month
period
ended 30
June 2022
Total
funds
£
Income from:
Donations
1
Investments and bank deposits
. Listed investments
2
. Interest
Total income
Expenditure on:
Raising funds
. Investment manager fees
Charitable activities
. The promotion and improvement
of the welfare of animals and
the relief of their suffering
3
Total expenditure
Net income (expenditure) before
investment (losses) gains and
transfers
Net gains on investments
Transfers between funds
12
Net income (expenditure) and
net movement in funds
Balances brought forward
at 1 July 2022
Balances carried forward
at 30 June 2023		 900,565
27,791
2,656
—

—

—		 900,565
27,791
2,656		 1,350,514
54,013
70		 —
—
—		 1,350,514
54,013
70
931,012
—		 931,012 1,404,597 — 1,404,597
6,256
786,728
—

—		 6,256
786,728		 10,742
1,353,111		 —
81,608		 10,742
1,434,719
792,984
—		 792,984 1,363,853 81,608 1,445,461
138,028
40,872
—
—

—
—		 138,028
40,872
—		 40,744
61,815
(12,823)		 (81,608)
—
12,823		 (40,864)
61,815
—
178,900
(74,410)
—
101		 178,900
(74,309)		 89,736
(164,146)		 (68,785)
68,886		 20,951
(95,260)
104,490
101		 104,591 (74,410) 101 (74,309)

All of the Trust’s activities derived from continuing operations in the above two financial periods.

All recognised gains and losses are included within the above statement of financial activities.

Petplan Charitable Trust 15

Balance sheet 30 June 2023

Notes At 30
June
2023
£		 At 30
June
2023
£		 At 30
June
2022
£		 At 30
June
2022
£
Fixed assets
Tangible fixed assets
6
Investments
7
Current assets
Debtors
8
Cash at bank and in hand
Liabilities:
Creditors: amounts falling due
within one year
9
Net current liabilities
Total assets less current
liabilities
Creditors: amounts falling due after
one year
. Grants payable
10
Total net assets (liabilities)
Represented by:
Unrestricted funds
. General funds
. Tangible fixed assets fund
11
Restricted funds
12		 42,317
22,783		 —
1,337,669		 50,032
63,433		 3,950
1,413,365
1,337,669


**(882,126) **		 1,417,315

(609,510)
65,100
(947,226)		 113,465
(722,975)
455,543
**(350,952) **		 807,805
(882,114)
104,591 (74,309)
104,490
—		 (78,360)
3,950
—
101		 (74,410)
101
104,591 (74,309)

Approved on behalf of the Trustees

David Simpson Trustee

Date: 15 August 2024

Petplan Charitable Trust 16

Statement of cash flows Year to 30 June 2023

Notes
Year to
30 June
2023
£		 18-month
period
ended 30
June 2022
£
Cash flows from operating activities:
Net cash used in operating activities
A
Cash flows from investing activities:
Investment income received
Interest received
Proceeds from the disposal of investments
Purchases of investments

Net cash provided by investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at 1 July 2022
B
Cash and cash equivalents at 30 June 2023
B

**(187,665) **		 (138,474)


27,791
2,656
1,284,402
**(1,175,013) **		 54,013
70
—
—
139,836 54,083

(47,829)


82,255
 (84,391)
166,646

34,426		 82,255

Notes to the statement of cash flows for the year 30 June 2023

A Reconciliation of net income to net cash (used in) provided by operating activities

Year to
30 June
2023
£		 18-month
period
ended 30
June 2022
£
Net income (as per the statement of financial activities)
Adjustments for:
Depreciation charge
Gains on investments
Listed investment income receivable
Interest receivable
Decrease (increase) in debtors
Decrease in creditors
Net cash used in operating activities		 178,900
3,950
(40,872)
(27,791)
(2,656)
7,715
(306,911)		 20,951
17,736
(61,815)
(54,013)
(70)
(8,313)
(52,950)
(187,665) (138,474)

B Analysis of cash and cash equivalents

Analysis of cash and cash equivalents
Year to
30 June
2023
£		 18-month
period
ended 30
June 2022
£
Cash at bank and in hand
Cash held by investment managers
Total cash and cash equivalents		 22,783
11,643		 131,137
35,509
34,426 166,646

Petplan Charitable Trust 17

Principal accounting policies Year to 30 June 2023

The principal accounting policies adopted, judgements and key sources of estimation and uncertainty in the preparation of the accounts are laid out below.

Basis of preparation

These accounts have been prepared for the year to 30 June 2023 with comparative information provided for 18 month period to 30 June 2022.

The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant accounting policies below or the notes to these accounts.

The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.

The accounts are presented in sterling and are rounded to the nearest pound.

Critical accounting estimates and areas of judgement

Preparation of the accounts requires the Trustees to make significant judgements and estimates.

The items in the accounts where these judgements and estimates have been made include:

Assessment of going concern

The trustees of the charity have concluded that there are no material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern.

Trustees have approved budgets and reviewed forecasts for the next 12 months. There is no indication that there will be a material change in donation levels such as to adversely impact the Trust and expenses remain contained. Grant approvals can be adjusted in line with the actual financial position and as such Trustees are satisfied as to the Trust’s ability to meet all its obligations.

In light of the above, the trustees are of the opinion that the charity will have sufficient resources to meet its liabilities as they fall due for a period of at least one year from the date of approval of these accounts.

Petplan Charitable Trust 18

Principal accounting policies Year to 30 June 2023

Income

Income is recognised in the period in which the charity has entitlement to the income, the amount of income can be measured reliably and it is probable that the income will be received.

Income comprises donations, legacies and investment income.

Donations receivable from Petplan policy holders, Petplan Limited (see note 14) and private donations are credited to the statement of financial activities when the charity has confirmation of both the amount and the settlement date. Donations arising out of fundraising events are credited to the statement of financial activities in the year in which the event takes place. All other income is credited to the statement of financial activities on a receivable basis.

Donated services and facilities are recognised on the basis of the value of the gift to the charity, which is the amount the charity would have been willing to pay to obtain facilities or services of equivalent economic benefit on the open market.

Legacies are included in the statement of financial activities when the charity is entitled to the legacy, the executors have established that there are sufficient surplus assets in the estate to pay the legacy, and any other conditions attached to the legacy are within the control of the charity.

Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Expenditure

Expenditure is debited to the statement of financial activities on an accruals basis and comprises expenditure on raising funds and expenditure on charitable activities. Expenditure on raising funds comprises investment manager fees and expenditure on charitable activities consists of grants payable and the costs of administering the grants programme.

Grants comprise amounts pledged in the year to fund clinical veterinary investigation, education, welfare and capital projects for dogs, cats, horses and rabbits. This category also includes grants paid out in the year as a result of Petplan Charitable Trust administering the PCCT / Journal of Comparative Pathology Educational Trust joint grant.

Where grants are payable by instalment, but those instalments form part of a binding commitment by the Trustees, the total grant is charged to the statement of financial activities in the year in which the commitment is made. Future instalments are shown on the balance sheet as creditors analysed between amounts due within one year and amounts due after more than one year.

Petplan Charitable Trust 19

Principal accounting policies Year to 30 June 2023

Expenditure (continued)

Administration costs comprise reimbursed expenses of the Scientific and Welfare Committees, and fees of a part-time Scientific Secretary who reviews and considers grant applications and advises the Trustees on the feasibility of projects. They also comprise central management costs, including the remuneration costs of an administrator; governance costs which include costs which are attributable to legal procedures necessary for compliance with constitutional and statutory requirements; costs associated with the management of the Trust’s assets; and organisation management.

Tangible fixed assets

All assets costing more than £500 are capitalised. Any assets costing less than £500 are charged directly to expenditure. Tangible fixed assets are included in the accounts at cost and are depreciated based on a straight-line basis as follows:

Office equipment - over 3 years Website - over 3 years

Investments

Listed investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price.

The charity does not acquire put options, derivatives or other complex financial instruments.

As noted above the main form of financial risk faced by the charity is that of volatility in equity markets and investment markets due to wider economic conditions, the attitude of investors to investment risk, and changes in sentiment concerning equities and within particular sectors or sub sectors.

Realised gains (or losses) on investment assets are calculated as the difference between disposal proceeds and their opening carrying value or their purchase value is acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value at that date. Realised and unrealised investment gains (or losses) are combined in the statement of financial activities and are credited (or debited) in the year in which they arise.

Debtors

Debtors are recognised at their settlement amount, less any provision for non-recoverability. Prepayments are valued at the amount prepaid. They have been discounted to the present value of the future cash receipt where such discounting is material.

Cash at bank and in hand

Cash at bank and in hand represents such accounts and instruments that are available on demand or have a maturity of less than three months from the date of acquisition.

Petplan Charitable Trust 20

Principal accounting policies Year to 30 June 2023

Creditors and provisions

Creditors and provisions are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Creditors and provisions are recognised at the amount the charity anticipates it will pay to settle the debt. They have been discounted to the present value of the future cash payment where such discounting is material.

Value added tax

Irrecoverable value added tax is aggregated with the expenditure to which it relates.

Fund accounting

The general funds comprise those monies available for use at the discretion of the Trustees in furtherance of the general charitable objectives of the Trust.

The tangible fixed assets fund comprises the net book value of charity’s tangible fixed assets, the existence of which is fundamental to the charity being able to perform its charitable work and thereby achieve its charitable objectives. The value represented by such assets should not be regarded, therefore, as realisable.

Restricted funds comprise donations received, the application of which is limited to the conditions imposed by the donor.

Petplan Charitable Trust 21

Notes to the accounts Year to 30 June 2023

1 Donations receivable

Donations receivable
Unrestricted
£		 Restricted
£

Year to
30 June
2023
Total
funds
£		 Unrestricted
£
Restricted
£
18-month
period
ended 30
June 2022
Total
funds
£
Donations from Petplan policy
holders
Donations from Petplan Limited
(note 14)
Other donations
Total funds		 850,040
50,000
525		 —
—
—		 850,040
50,000
525		 1,272,269
75,000
3,245
—

—

—		 1,272,269

75,000

3,245
900,565 — 900,565 1,350,514
—		 1,350,514

2 Investment income

Investment income
Unrestricted
£		 Restricted
£		 Year to 30
June 2023
Total
funds
£		 Unrestricted
£		 Restricted
£
—
—
—
18-month
period
ended 30
June 2022
Total
funds
£
Equities and unit trusts – UK
Equities and unit trusts – Overseas
Total funds		 27,791
—		 —
—		 27,791
—		 48,468
5,545
48,468

5,545
27,791 — 27,791 54,013
54,013

3 The promotion and improvement of the welfare of animals and the relief of their suffering

suffering
Unrestricted
£		 Restricted
£		 Year to 30
June 2023
Total
funds
£

Unrestricted
£

Restricted
£

18-month
period
ended 30
June 2022
Total
funds
£
1,212,269

28,125

3,550
43,710

83,054

17,736

13,920

32,355
1,434,719
Grants payable (Notes 4)
Grant administration costs:
. Scientific secretary fee
. Committee expenses
. Marketing agency costs
. Staff costs (Note 5)
. Depreciation
. Auditor’s remuneration
(audit services)
. Other expenses
Total funds		 641,456
15,000
6,632
—
53,662
3,950
12,900
53,128		 —
—
—
—
—
—
—
—		 641,456
15,000
6,632
—
53,662
3,950
12,900
53,128		 1,130,661
28,125
3,550
43,710
83,054
17,736
13,920
32,355
81,608

—

—


—

—

—

—
786,728 — 786,728
1,353,111
81,608

Petplan Charitable Trust 22

Notes to the accounts Year to 30 June 2023

4 Grants payable

During the period the Trustees agreed to pledge the following grants:

Recipient Researcher Year to 30
June 2023
Total
funds
£
219,631
—
420,575
1,250
641,456		 18-month
period
ended 30
June 2022
Total
funds
£
Welfare grants awarded
Special grants awarded
Scientific grants awarded
Awards Dinner
Total unrestrictedgrants awarded		 See appendix for detail
See appendix for detail
See appendix for detail		 455,575
28,122
646,964
—
1,130,661

Full details of grants awarded in both the year ended 30 June 2023 and the 18-month period ended 30 June 2022 are included in the attached appendix.

5 Staff costs

Year to 30
June 2023
Total
funds
£		 18-month
period
ended 30
June 2022
Total
funds
£
Wages and salaries
Social security costs
Pension		 49,919
1,048
2,695		 76,146
3,216
3,692
53,662 83,054

There was one employee during the year (2022: one).

No employee earned £60,000 per annum or more (including taxable benefits but excluding employee pension contributions) during the year (2022: none).

Key management personnel comprise the Trustees and the trust administrator. The total remuneration payable in respect to employed members of key management personnel of the charity was £53,662 (18 months to 30 June 2022: £83,054).

No Trustees received any remuneration in connection with their duties as trustees (2022: no remuneration).

Details of other related party transactions are provided at note 14.

Petplan Charitable Trust 23

Notes to the accounts Year to 30 June 2023

6
Tangible fixed assets
Cost
At 1 July 2022 and at 30 June 2023
Depreciation
At 1 July 2022
Charge for the year
At 30 June 2023
Net book values
At 30 June 2023
At 1 July2022
7
Investments
Listed investments at market value
At 1 January 2022
Additions at cost
Disposal proceeds
Realised gain on disposal
Disposals at book value
Unrealised (losses) gains on revaluation
At 30 June 2023
Cash held by investment managers
Total investments at 30 June 2022
Cost of listed investments at 30 June 2023		 6
Tangible fixed assets
Cost
At 1 July 2022 and at 30 June 2023
Depreciation
At 1 July 2022
Charge for the year
At 30 June 2023
Net book values
At 30 June 2023
At 1 July2022
7
Investments
Listed investments at market value
At 1 January 2022
Additions at cost
Disposal proceeds
Realised gain on disposal
Disposals at book value
Unrealised (losses) gains on revaluation
At 30 June 2023
Cash held by investment managers
Total investments at 30 June 2022
Cost of listed investments at 30 June 2023
Office
equipment
£		 Website
£		 At 30
June
2023
£
Cost
At 1 July 2022 and at 30 June 2023
Depreciation
At 1 July 2022
Charge for the year
At 30 June 2023
Net book values
At 30 June 2023
At 1 July2022		 14,275
14,275
—
14,275
—
—		 37,152 51,427
33,202
3,950		 47,477
3,950
37,152 51,427
— —
3,950 3,950
At 30
June
2023
£		 At 30 June
2022
£
Listed investments at market value
At 1 January 2022
Additions at cost
Disposal proceeds
Realised gain on disposal
Disposals at book value
Unrealised (losses) gains on revaluation
At 30 June 2023
Cash held by investment managers
Total investments at 30 June 2022
Cost of listed investments at 30 June 2023		 1,394,543
1,175,013		 1,332,728
—
(1,284,402)
64,906		 —
—
(1,219,496) —
(24,034) 61,815
1,326,026
11,643		 1,394,543
18,822
1,337,669 1,413,365
1,290,954 945,879

All listed investments were dealt in on a recognised stock exchange.

Listed investments held at the balance sheet date comprised:

At 30
June
2023
£		 At 30
June
2022
£
Equities and unit trusts – UK
Equities and unit trusts – overseas		 1,326,026
—		 901,574
492,969
1,326,026 1,394,543

Petplan Charitable Trust 24

Notes to the accounts Year to 30 June 2023

7 Investments (continued)

At 30 June 2023 the individual investment holdings comprised:

Value at 30
June 2023
£		 % of
portfolio
SUTL Cazenove Charity Responsible Multi-Asset Fund Inc
SUTL Cazenove Charity Responsible Multi-Asset Fund Inc Acc
Charities Property Fund		 588,383
588,423
149,220		 44.37%
44.38%
11.25%
1,326,026 100.00%
Debtors At 30
June
2023
£		 At 30
June
2022
£
Amounts due from Petplan Limited (Note 14)
Prepayments and accrued income
Other debtors		 37,874
3,468
975		 44,834
4,881
317
42,317 50,032

8 Debtors

9 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
At 30
June
2023
£		 At 30
June
2022
£
Grants payable
Social security and other taxes
Accruals
Other creditors		 930,793
1,314
15,000
119		 709,327
1,366
12,120
162
947,226 722,975

10 Creditors: amounts falling due after more than one year

Creditors: amounts falling due after more than one year
At 30
June
2023
£		 At 30
June
2022
£
Grants payable 350,952 882,114
350,952 882,114

Petplan Charitable Trust 25

Notes to the accounts Year to 30 June 2023

11 Tangible fixed assets fund

At
1 January
2023
£		 Net
movement
in the
period
£




At 30 June
2023
£		 At
1 January
2021
£		 Net
movement
in the year
£		 At 30 June
2022
£
Tangible fixed assets fund 3,950 (3,950) **— ** 21,686 17,736 3,950

The tangible fixed assets fund represents the net book value of the charity’s tangible fixed assets. A decision was made to separate this fund from the general funds of the charity in recognition of the fact that the assets are essential to the day-to-day work of the charity and as such their value should not be regarded as funds that would be realisable with ease, in order to meet future contingencies.

12 Restricted funds

Restricted funds
At 1
July
2022
£
101		 Income
£
—		 Expenditure
£		 Transfers
£
—		 At 30
June
2023
£
101
Journal of Comparative
Pathology Educational
Trust		 —
101 — — — 101
At 1
January
2021
£
18,681
50,205		 Income
£
—
—		 Expenditure
£		 Transfers
£
—
12,823		 At 30
June
2022
£
101
—
Journal of Comparative
Pathology Educational
Trust
Equine COVID-19
Appeal		 (18,580)
(63,028)
68,886 — (81,608) 12,823 101

Petplan Charitable Trust 26

Notes to the accounts Year to 30 June 2023

13 Analysis of net assets between funds

At 30
June
2023
£
1,337,669
65,100
(947,226)
(350,952)
104,591
Unrestricted
funds
£


Restricted
funds
£
Investments
Current assets
Creditors: amounts falling due within one year
Creditors: amounts falling due after one year		 1,337,669
—
64,999
101
(947,226 )
—
(350,952)
—
104,490
101
104,490
101
At 30
June
2022
£
3,950
1,413,365
113,465
(722,975)
(882,114)
(74,309)
Unrestricted
funds
£


Restricted
funds
£
Tangible fixed assets
Investments
Current assets
Creditors: amounts falling due within one year
Creditors: amounts falling due after one year		 3,950
1,413,365
113,364
(722,975)
(882,114)
—

—

101

—
—
(74,410) 101

The total accumulated unrealised gains as at 30 June 2023 constitute movements on the revaluation of investments and are as follows:

At 30
June
2023
£		 At 30
June
2022
£
448,664
386,849
—
61,815
448,664
Total accumulated unrealised gains on investments at
30 June 2023
Reconciliation of movements in unrealised gains
Unrealised gains at 1 July 2022
Released on disposal
Arising from revaluations during the year
Total accumulated unrealisedgains at 30 June 2023		 35,072
448,664
(389,558)
(24,034)
35,072

14 Related party transactions

Petplan Limited

The charity’s funds are raised by requesting an annual donation with the insurance premiums charged to policy holders of Petplan Limited, an insurance agency marketing pet insurance products on behalf of Allianz Insurance plc. In addition, fundraising literature for the charity is enclosed with renewal notices sent to policy holders.

Donations are channelled to the charity and are managed completely separately from the funds of Petplan Limited.

Petplan Charitable Trust 27

Notes to the accounts Year to 30 June 2023

14 Related party transactions (continued)

Petplan Limited has committed itself to donating £50,000 per annum to the charity, and this amount has been recorded as income (18 months to 30 June 2022: £75,000) – see note 1. Should Petplan Limited decide to cease this annual payment, the charity will be given eighteen months’ notice.

The charity receives gifts-in-kind from Petplan Limited in the form of premises hosting and office services. The value of the gifts-in-kind to the charity is small and, as a consequence, £nil value has been recognised in these accounts (18 months to 30 June 2022: £nil).

At 30 June 2023 Petplan Limited owed the charity £37,874 (2022: £44,834).

Details of the connections of the Trustees to Petplan Limited and its group companies are given in the Trustees’ report.

Trustees’ remuneration

In the prior year, Edward Chandler, a Trustee of Petplan Charitable Trust, received remuneration in respect to advisory services provided to the charity. Edward Chandler served as secretary to the Scientific Advisory Committee reviewing grant applications for the charity for several years before also becoming a Trustee in September 2006. During the year under review, fees totalling £nil were payable to him (18 months to 30 June 2022: £16,875), of which £nil was outstanding at 30 June 2023 (£nil at 30 June 2022).

None of the Trustees received any remuneration in respect of their services as Trustees during the year (18 months to 30 June 2022: none).

During the year travel and subsistence expenses amounting to £1,368 (18 months to 30 June 2022: £1,671) were reimbursed to three Trustees (18 months to 30 June 2022: two).

There were no other related party transactions in the period of report (18 months to 30 June 2022: none).

15 Taxation

Petplan Charitable Trust is a registered charity and therefore is not liable to income tax or corporation tax on income or gains derived from its charitable activities as they fall within the various exemptions available to registered charities.

Petplan Charitable Trust 28

Notes to the accounts Year to 30 June 2023

16 Transfer of activities, assets and liabilities

The trustees of the former Charitable Trust (with (Charity Registration No. 1032907) are also the trustees of Petplan Charitable Trust CIO, a Charitable Incorporated Organisation, registered with the Charity Commission (Charity Registration Number: 1199327). With effect from midnight on 31 December 2022, the activities, assets and liabilities of the Charitable Trust were transferred to the CIO.

The net assets at that date comprised:

2022
£
Tangible fixed assets
. Cost
. Depreciation
Fixed asset investments
Debtors
Cash at bank and in hand
Creditors: amounts falling due within one year
Creditors: amounts falling due after one year		 51,427
(51,427)
—
1,425,344
5,022
45,078
(1,154,809)
(469,936)
(149,301)

The assets and liabilities were represented by the following funds:

2022
£
Unrestricted funds: General funds
Restricted funds		 (149,402)
101
(149,301)

The transfer of activity from the former Charitable Trust to the CIO is a reconstruction that has been treated as a merger for accounting purposes. As such, the results of the former Charitable Trust for the 18 month period ended 30 June 2022, and the balances existing on this date, form the comparative information included within these accounts.

The former Chartiable Trust has now had its registration with the Charity Commission removed.

Petplan Charitable Trust 29

Appendix Year to 30 June 2023

Grants payable

Grants payable
Recipient Purpose Year to 30
June 2023
Total
funds
£




18-month
period
ended 30
June 2022
Total
funds
£

7,500

—
5,000
25,000
6,250

—

—
8,000
25,000
10,000

—
10,000
5,000

—
10,000
5,000

—
7,500

—
14,000
20,000

—
15,000
5,000
6,000

—
10,000

—
7,980
10,000

—

—
10,660
5,000
8,000
5,000
7,000
7,000
10,000

4,560

5,000

10,000

—
Welfare grants
Animals Asia Foundation
Bath Cats and Dogs Home
Bath Cats and Dogs Home
Birmingham Dogs Home
Blue Cross
Blue Cross
Borders Pet Rescue
Bransby Horses
Bransby Horses
Bristol Animal Rescue Centre
Brooke Hospital for Animals
Brooke Hospital for Animals
Cardiff Dogs Home (The Rescue Hotel)
Cat Welfare Group
Cats protection
Communities For Horses
Cotswolds Dogs and Cats Home
Crosskennan Lane Animal Sanctuary
Dogs for Autism
Dogs for Good
Dogs Trust
Dogs Trust
Ebony Horse Club
Edinburgh Dog and Cat Home
Exmoor Calvert Trust
Forever Hounds Trust
Four Paws UK
Friends of the Dartmoor Hill Pony
Globalteer
Greyhound Rescue Wales
Greyhound Rescue Wales
Guide Dogs
HAPPA (Horses and Ponies Protection
Association)
Help in Suffering UK
Horse Rangers Association
Horse Trust
HorseWorld Trust
Hugs Foundation
Isle of Wight Donkey Sanctuary
Mane Chance Sanctuary
Mare & Foal Sanctuary
Mayhew Animal Home
Mayhew Animal Home		 Changing attitudes to cat and dog welfare
in China
Animal welfare and the cost of living crisis
Vital Vet Care during Covid crisis
Training unit
Pets in Crisis
Blue Cross Ukraine Pet Welfare Fund
New Kennels - exercise yeard project
Barlings Polytunnel Project 2022
Animal Reception Centre Improvements
Outreach clinics
Compassionate handling for equids in
Senegal
Improving access to water for Working
Equines in Ethiopia
Affordable Veterinary Care
Project neuter
Exeter Adoption Centre maternity
accommodation rebuild
Creation of an innovative educational toolkit
for outreach activities in horse-owning
communities
Low cost vet clinic provision
Bed and Breakfast
Flea and worm prevention for trainee
assistance dogs
Assistance Dog
Freedom Project East Anglia
Temporary relief fund
Ebony Young Volunteers
Community Outreach Dog Care
Stable matting and wheelchair beam scales
A clean bill of health
National Adoption Campaign-Romania
Mobile Pony handling facility
Working with people to improve the lives of
dogs
Forever Foster Project
New animal ambulance
Funding for an xray machine and digital
radiography
Repairs to Stables
Animal rescue project 2020 to 2021
Supporting Families
Equine Field Shelter
Remote Grooming Area
Hugs Helping Hands Rescue Pony Team
Construction of the new 'Busby's Barn'
Mobile Field Shelter
High Intensity Care Unit
Pet Refuge
Canine behaviourist and trainingadvisor		 —
5,000
—
—
—
10,000
5,000
—
—
—
10,000
—
—
5,000
—

—
5,000
—
6,000
—
—
10,000
—
—
—
8,000
—
5,000
—
—
10,000
12,000
—
—
—
—
—
—
—
—
—
—
20,000

Petplan Charitable Trust 30

Appendix Year to 30 June 2023

Grants payable (continued)

Grants payable(continued)
Recipient Purpose Year to 30
June 2023
Total
funds
£
10,000
10,000
—
—
—
5,000
—
—
—
—
—
8,000
20,000
5,000
—
5,000
5,000
—
—
—
8,000
—
—
—
—
35,381




18-month
period
ended 30
June 2022
Total
funds
£
Medical Detection Dogs
National Animal Welfare Trust
National Animal Welfare Trust
New Beginnings Horses
New Start Cat Rescue
Oak Tree Animals Charity
Oak Tree Animal Sanctuary
Our Special Friends
PDSA
Raystede
Redwings Horse Sanctuary
Redwings Horse Sanctuary
Refuge4Pets
RSPCA Coventry & District Branch
RSPCA Hillingdon, Slough, Windsor, Kingston &
District Branch
RSPCA Llys Nini Branch
RSPCA Norfolk West
SSPCA
Shy Lowen Horse And Pony Sanctuary
Stray Aid Ltd
Summerfield Stables
Thornberry Animal Sanctuary
Wadars Animal Rescue
Woodlands Animal Sanctuary
World Horse Welfare
Other grants under £5,000
Less welfare grants returned or cancelled
Total welfare grants awarded
Welfare grants (under £5,000)
Aireworth Dogs in Need
Animals in Distress
Berkshire Animal Connection Centre
Bodmin Moorland Pony Rehabilitation
Cats protection
Daybreaks
Fife Cat Shelter
Forest Dog Rescue
Forever Hounds
Freshfields Animal Rescue
Greyhound Gap
Guide Dogs for The Blind
Happa
Himalayan Animal Treatment Centre UK
Holly Hedge
Hope Pastures
Kingsbridge Arear Food Bank
Mane Chance
Maria's Animal Shelter		 Health and welfare of MD dogs in training
Keep a homeless dog warm this winter
Pet Care in the Community
Covered Lunge / Riding Arena
New External Pens - one block
Education programme
Community Outreach Van
Animal welfare support fund
Pet hospital consultation room
Community Outreach
New Paddocks
Replacement stable block
Animal fostering service
Staffing the vet centre
Animal action days
Covered dog run
Electric animal ambulance
Enrichment of animal accommodation
Mud Free Lifestyle
Veterinary support
Development of BHS training project
Cattery Extension
Replacement of animal ambulance
Vets fees
Replacement Weigh Bridge
(See below)
Long Term Foster Friends
ADCH Award
Horse Stocks
Making our holding storm and winter proof
Paws Protect Fostering
ADCH Award
Neutering amnesty
Meet and Greet secure area
ADCH Award
Dog neutering fees
ADCH Award
ADCH Award
Stable floor repairs
Animal Welfare - changing attitudes
ADCH Award
ADCH Award
Helping foodbank clients to afford the
family pet
ADCH Emergency
Veterinarytreatment and care
—

—
12,500
10,000
10,000

—
10,000
10,000
5,000
5,000
7,500

—

—

—
5,000

—

—
27,000
6,480
5,000

—
10,000
8,000
5,000
8,150

36,495
222,381
(2,750)
465,575
(10,000)
219,631
—
—
—
—
—
—
4,000
4,000
—
3,000
—
—
3,517
3,000
—
—
4,000
—
4,000
455,575
2,500
250
3,600
4,000
1,000
250

—

—
500

—
250
500

—

—

750

500
—

1,500
4,000

Petplan Charitable Trust 31

Appendix Year to 30 June 2023

Grants payable (continued)

Grants payable(continued)
Recipient Purpose Year to 30
June 2023
Total
funds
£




18-month
period
ended 30
June 2022
Total
funds
£
Welfare grants (under £5,000)(continued)
Oak Tree Animal Shelter
Pawprints Dog Rescue
Riding for the Disabled Association (Causeway
Coast & Glens Group) Ltd
RSPCA Canterbury & District Branch
RSPCA Halifax
RSPCA Harmsworth
RSPCA Mid Norfolk/North Suffolk
RSPCA Sheffield
Safe Haven for Donkeys in the Holy Land
Stable Lives
Stopford Cat Rescue
Suffolk Blue Cross
Teckels Animal Rescue
Weston Favell Centre Food Bank
Total welfaregrants awarded(under £5,000)		 ADCH Award
ADCH Award
Isolation stables
Low cost cat neutering
ADCH Award
ADCH Award
Feral friends project
ADCH Award
Helping equines in Bethlehem and Hebron
ADCH Award
Assisted Neutering and Vets Bills
ADCH Award
Vets fees
Food for pets of food bank families
—
—
—
4,864
—
—
3,000
—
—
—
—
—
—
2,000

250

500

4,145

—

250

500

—

250

4,500

750

3,500

250

2,000

—
35,381
36,495
Recipient Purpose Year to 30
June 2023
Total
funds
£




18-month
period
ended 30
June 2022
Total
funds
£
Special grants
Animals in War
Blue Cross
NOWZAD
Total specialgrants awarded		 Animals in War Memorial
Ukraine Appeal
Afghanistan evacuations
—
—
—

622

25,000

2,500
— 28,122

Petplan Charitable Trust 32

Appendix Year to 30 June 2023

Grants payable (continued)

Grants payable(continued)
Recipient Purpose Year to 30
June 2023
Total
funds
£
Scientific grants
Royal Veterinary College
Royal Veterinary College
Royal Veterinary College
Royal Veterinary College
Royal Veterinary College
Royal Veterinary College
University of Edinburgh
University of Edinburgh
University of Edinburgh
University of Edinburgh
University of Liverpool
University of Liverpool
University of Cambridge
Less scientific grants returned or
cancelled
Total scientific grants awarded		 Assessment of hypercoagulability in dogs with ischaemic
cerebrovascular infarcts
Assessment of plasma mitochondrial DNA as a diagnostic
biomarker for progressive myelomalacia in dogs
Feline Infectious Peritonitis: how is susceptibility
programmed into the feline immune system?
The role of Aminopeptidase N as a mediator and biomarker
of feline hypertension
The role of the anti-inflammatory peptide Thymosin-β4 in
feline chronic kidney disease
Utilising novel therapeutics to reduce inflammation in equine
adult tenocytes
Development and Characterisation of a Novel Model of
Feline Injection Site Sarcoma
T cell receptor rearrangements as a potential diagnostic tool
in feline infectious peritonitis
Development of molecular and antibody-based tests for the
diagnosis of companion animal mycobacterial infections
Vitamin D and adipose tissue dysfunction in horses
Efficacy of environmental microfibre and steam-cleaning
technology for removal of bacterial pathogens in veterinary
hospitals
Leveraging digital pathology records and machine learning
to expand the largest pet animal tumour registry
Use of shallow whole genome sequencing to diagnose
neoplasia in dogs from fine needle aspirate cytology and
EDTA blood samples		 2,176
5,400
140,000
7,696
8,000
9,919
70,000
9,848
73,125
9,700
9,700
100,000
9,759
455,323
(34,748)
420,575

Petplan Charitable Trust 33

Appendix Year to 30 June 2023

Grants payable (continued)

Grants payable(continued)
Recipient Purpose 18-month
period
ended 30
June 2022
Total
funds
£
Scientific grants
Royal Veterinary College
Royal Veterinary College
Royal Veterinary College
Royal Veterinary College
Royal Veterinary College
Royal Veterinary College
Royal Veterinary College
Royal Veterinary College
Royal Veterinary College
University of Cambridge
University of Cambridge
University of Edinburgh
University of Edinburgh
University of Perugia
Less scientific grants returned or
cancelled
Total scientific grants awarded		 Determining the reaction of equine induced pluripotent stem
cells and derivatives to inflammatory cytokines
Canine Diabetes Genetics Partnership 2.0 : From variants to
function
Derivation of corneal keratocytes from canine induced
pluripotent stem cells to develop novel treatments for
corneal injuries and diseases in dogs
Elucidating the Mechanisms Underpinning Canine Achilles
Tendon Degeneration and Calcification
Modelling tendon cell migration in wound healing models: a
key mechanism for cell-based therapies to improve tendon
repair?
Myocardial fibrosis: the forgotten villain in feline hypertrophic
cardiomyopathy
Prospective evaluation of ADAMTS-13 activity in dogs with
Cutaneous Renal Glomerular Vasculopathy
The in-vivo effect of photoactivated chromophore for keratitis
cross-linking (PACK-CXL) on bacterial growth in canine
patients with infectious keratitis
Using ATAC-Seq to shed light in the genetic architecture of
equine exertional rhabdomyolysis (ER)
Evaluation of fluorescence in situ hybridisation for the
detection of bacterial pathogens in liver biopsy samples from
dogs with idiopathic chronic hepatitis
Idiopathic epilepsy in the Border Collie: using genome-wide
association study and whole genome sequencing
approaches to identify genetic risk factors
Determining the reaction of equine induced pluripotent stem
cells and derivatives to inflammatory cytokines
Use of ultra-high performance mass spectrometry to identify
novel biomarkers in effusions to facilitate the diagnosis of
feline infectious peritonitis
RAC1 pathway in canine oral melanoma pathophysiology: a
potential prognostic marker and therapeutic target		 9,800
130,927
156,147
10,000
166,758
120,000
9,800
9,850
10,000
9,819
78,062
5,600
9,614
9,990
736,367
(89,403)
646,964

Petplan Charitable Trust 34